Virtuix, founded in April 2013 and based in Austin, Texas, develops Omni — an omni-directional treadmill that enables 360-degree movement in virtual environments. Its commercial product line includes Omni Pro and Omni Arena, a turnkey multiplayer attraction comprising four Omni Pro units. The company has shipped nearly 4,000 Omni Pro systems to more than 500 commercial entertainment venues worldwide. Its Omniverse content platform offers 24 VR games with built-in esports competitions and has hosted over two million plays to date. Virtuix plans to launch Omni One, a consumer version for the home with a 30-title game store at launch, including company-developed and licensed third-party titles. The company intends to sell Omni One for $1,995 or via a $55-per-month payment plan and will use proceeds from recent financing to fund the launch. Virtuix develops the Omni, a patent-pending omni-directional treadmill that enables users to walk, run, and jump within 360-degree virtual environments to create a full virtual reality experience. The company positions the Omni to take VR beyond seated experiences by supporting natural movement and delivering increased immersion and presence. Virtuix completed a $2.7 million investment round to support operations, fund working capital and accelerate research and development around the full VR experience. The company has pre-sold more than 3,500 Omnis and offers the device for pre-order at $499 per unit; it has raised $7 million to date, including a $3 million seed and $1.1 million via Kickstarter. Virtuix added advisors Kai Huang (co-founder of Red Octane) and Mike Griffith (former Activision Publishing CEO) to guide scaling, branding and product development. The final Omni was scheduled to be revealed at CES in January 2015, with commercial production targeted for Q1 of the following year. Founded in April 2013 and headquartered in Houston, Texas, Virtuix is completing final development ahead of its upcoming commercial launch. Virtuix builds the Omni, an omni-directional treadmill designed to let users physically walk and explore virtual-reality environments. The company developed the Omni over roughly three years, with founder and CEO Jan Goetgeluk investing his life savings and working on the device after hours. Virtuix plans a commercial launch and expects to begin shipping the Omni to its Kickstarter backers later this year. It is partnering with manufacturers in China to bring the treadmill to market; COO David Allen has prior manufacturing experience in China. Financially, Virtuix completed a $3 million first institutional financing to broaden the market, following a $1.1 million Kickstarter that came from 3,000 backers. The company is based in Houston. Virtuix builds the Omni, a 360-degree treadmill designed to let users run, walk, or jump in place while playing games on the Oculus Rift. The Omni is a 4-foot-tall, 110-pound platform sold with special shoes and a belt harness for safety. The company is taking preorders on its website, with orders slated to ship in March. The Omni package is priced at $499 (the article notes a VR50 coupon code that yields $50 off). Virtuix raised $1.1 million on Kickstarter last month for the Omni. The article also references the Oculus Rift dev kit, which is available as a $300 prototype.

Total raised

$26M

Funding rounds

4

Latest round

Series A

Latest activity

May 2021